The African Development Bank and a number of partners on Wednesday launched a programme aimed at preparing nine million Africans, including Nigerians, for high paying employment. A statement made available to correspondent in Abuja on Wednesday said the programme, known as Coding for Employment, was launched at the African Innovation Summit in Kigali, Rwanda. It […]
Read More Nigeria’s industrial value dropped by 41 per cent between 2012 and this year, the African Development Bank has said. The President, AfDB, Dr. Akinwumi Adesina, said this in a keynote address delivered at the opening ceremony of the 2018 Annual Meeting of the lender at the Busan Exhibition and Convention Centre, South Korea, on Wednesday. […]
Read More The African Development Bank (AfDB) has said that Africa needs about $170 billion annually to meet its infrastructure requirement. Vincent Nmehielle, Secretary General of the bank, disclosed this at a media briefing to announce the bank’s annual meeting, this week, in Abidjan. “In 2016, the bank approved 7.8 billion dollars to finance investment in African […]
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African Development Bank has hosted the Multilateral Development Banks’ meeting on “Quality Assurance and development effectiveness: Emerging practices and perspectives”. This was disclosed by the Director of Operations Committee and Quality Assurance Department of the African Development Bank (AfDB), Simon Mizrahi, at the opening session of the second edition of the Multilateral Development Banks’ meeting […]
Read More The President of African Development Bank (AfDB), Dr. Akinwumi Adesina, says that the Bank in 2017 achieved its highest annual disbursement ever of 7.67 billion dollars on supports. Adesina said this in a statement made available to the News Agency of Nigeria (NAN) on Thursday in Abuja. He said that the Bank would continue to […]
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The African Development Bank, (AfDB) would increase its investments in Nigeria to $8 billion by next year, the President, Dr. Akinwumi Adesina, has revealed. Speaking at the opening of the bank’s Country Office building in Abuja, Thursday, he said that the institution would continue to strongly support Nigeria, the largest shareholder of the bank. According […]
Read More President, Muhammadu Buhari will inaugurate the new office complex of the African Development Bank in Abuja on Thursday, consolidating the country’s position as the bank’s largest shareholder. The state-of-the-art Nigeria Country Department (RDNG) office complex, situated in the Central Business District of Abuja, the first permanent structure to be designed and constructed in any regional […]
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A consortium comprising the African Development Bank Group (AfDB), Nordic Development Fund (NDF); multilateral donor trust fund, Global Environment Facility (GEF); and investors, Calvert Impact Capital (CIC), are partnering to invest $55 million into off-grid energy. Others in the partnership are the joint development and climate finance institution of the five Nordic countries of Denmark, […]
Read More The Africa Development Bank (AfDB) has signed a concessional donor loan agreement with France to the tune of $253 million as support for the 14th replenishment of the African Development Fund (ADF). Established in 1972, the ADF represents an enduring development partnership between African countries and donors. The Fund is part of the African Development […]
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The Board of Directors of the African Development Bank Group (AfDB) yesterday approved $10 million equity investment in Phatisa Food Fund2 (PFF2) to boost agriculture and nutrition across Africa. The PFF2 is a second generation Fund which builds on the success of its predecessor African Agriculture Fund (AAF), sponsored by AfDB along with other DFIs […]
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President of the African Development Bank (AfDB) Akinwumi Adesina has said that the continental bank has released $250 million for the construction and rehabilitation of the Northeast of Nigeria, destroyed by the Boko Haram insurgents. The president said that the AfDB has constructed a big building behind the Yar’Adua Centre started in 2016 and completed. […]
Read More The Board of Directors of the African Development Bank (AfDB) has approved a $15 million equity participation in Africa Capital Works Fund. The investment will finance Sub Saharan Africa’s mid-market companies in strategically selected sectors that offer the potential to be transformed into local and regional industry champions, over a longer than usual ownership period. […]
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